AMENDMENT TO FUND PARTICIPATION AGREEMENT
THIS AGREEMENT dated as of April 30, 1997 is made by and between
XXXXXXXXX & XXXXXX ADVISERS MANAGEMENT TRUST, a Delaware Business Trust
("TRUST"), ADVISERS MANAGERS TRUST, a New York Common Law Trust, XXXXXXXXX &
XXXXXX MANAGEMENT INCORPORATED, a New York Corporation and THE PENN INSURANCE
and ANNUITY COMPANY("LIFE COMPANY"), a life insurance company organized under
the laws of the State of Pennsylvania.
WHEREAS, the parties hereto have previously entered into a Sales
Agreement dated March 10, 1995, and a subsequent Assignment and Modification
Agreement dated May 1, 1995 (together the "FUND PARTICIPATION AGREEMENT"), and
the parties at that time only contemplated making available two series of the
trust, the Limited Maturity Bond Portfolio and Balanced Portfolio, and
WHEREAS, the LIFE COMPANY desires to invest in additional series of the
TRUST;
NOW THEREFORE, it is hereby agreed by and between the parties as
follows:
1. TRUST will hereby make available to the Separate Accounts of LIFE
COMPANY shares of the selected series of the TRUST as listed on Appendix B,
which Appendix may from time to time be updated by the parties hereto, for
investment of purchase payments of Variable Contracts, allocated to the
designated Separate Accounts.
2. Terms used herein but not defined herein are to have the same
meaning as in the FUND PARTICIPATION AGREEMENT. All other terms of the FUND
PARTICIPATION AGREEMENT will remain in full force and effect.
IN WITNESS WHEREOF, the parties have caused their duly authorized officers to
execute this Amendment to the FUND PARTICIPATION AGREEMENT.
XXXXXXXXX & XXXXXX ADVISERS
MANAGEMENT TRUST
By
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Name:
Title:
ADVISERS MANAGERS TRUST
By:
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Name:
Title:
XXXXXXXXX & XXXXXX MANAGEMENT INC.
By:
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Name:
Title:
THE PENN INSURANCE and ANNUTIY COMPANY
By:
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Name:
Title:
SCHEDULE A
Separate Accounts Selected Portfolios
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PIA Variable Annuity Account Limited Maturity Portfolio
Balanced Portfolio
Partners Portfolio
